COT Williams Index is a variation of the COT Index indicator. The main difference is replacement of the weighted position volumes in the index calculation with its percentage of the total position.
How the indicator looks like in the chart:
The indicator has the following parameters:
Period - Setting the period of the indicator calculation.
Mode - Setting the calculation of the required position group.
- Commercial - Positions of funds and managers.
- Non-Commercial - Positions of private persons.
- Non-Reported - Positions that were taken into account in reports.
Panel - Selection of the indicator location in the chart:
- New panel.
Show value/Shows the current value - Displays the indicator values to the left on the price scale.
Scale/Auto-scaling - If this option is ON, the scale will be automatically calculated based on the minimum and maximum indicator values, so that the indicator would fit in in the chart.
Color - The color indicator setting.
Visual type - Visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - Setting of the line display type:
- Dash - dot
- Dash - dot - dot
Width/Thickness - Setting of the indicator line thickness.
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